The Following Table Shows the Results from a Study to See

question 4

Short Answer

The following table shows the results from a study to see if a home remedy salve for bee stings worked better than a placebo. Each participant was randomly assigned to receive the home remedy salve or a placebo ointment. "Improvement" means that there were no symptoms of pain after fifteen minutes.
The alternative hypothesis is that the home remedy salve leads to improvement (in this case, no pain). The p- value for a one- tailed Fisher's Exact Test with these data is 0.500. Suppose the study had turned out differently, as in the following table.
Would Fisher's Exact Test have led to a p- value larger or smaller than 0.500? Explain.

Understand the implications of economic policies and practices on international business, such as dumping and tariffs.

Recognize the impact of social and political factors on international business operations and strategy.

Comprehend different methods and models of international business operations and their applications.

Grasp the importance of translation and localization in international marketing.

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Definitions:

Six Sigma

A set of techniques and tools for process improvement aimed at reducing defects and improving quality.

Lean Enterprise Management

An approach focusing on reducing waste within manufacturing systems while simultaneously maximizing productivity and creating value for the customer.

Theory Of Constraints

A management philosophy focusing on identifying and managing bottlenecks that limit the performance of a system.

Supply Chain

A network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.